Someone feel free to correct me if I'm wrong. Answers in bold:
Does ChanBond still own the lawsuit? Yes
Is Billy Carter tied to the lawsuit legally? Yes, and he has a fiduciary responsibility to minority holders
What is William Carter's role this whole time? Director and majority shareholder of UOIP with a legal responsibility to minority holders
Does UOIP still exist? Yes. Something doesn't have to be publicly traded to 'exist'
Are we as shareholders have any legal rights to UOIP or ChanBond? Yes. Billy letting the listing lapse does not change or reduce our legal rights at all.
Can ChanBond prevail and win all the lawsuits against the cable companies which he is suing? Chanbond/UOIP can and should win all suits, yes
Assume ChanBond wins, then he wins, we don't win, we were not part of the lawsuit, were we? Legally we are just as much a part of it as Billy is. Maybe he needed UOIP as a shell or whatever to buy and own this lawsuit. His mistake. There were and are shareholders with rights. Why would you think that we are not 'part of the lawsuit'? If Billy didn't want UOIP shareholders to be a part of this, he should have structured the deal differently
But there is a "GENTLEMAN'S HANDSHAKE" Couldn't care less about a handshake. We have rights as shareholders. If Rob Howe's family owns shares, then they have rights as well
between ChanBond and William R Carter to take care of Rob's Howe family and all of us that exist as according to a list containing all the names of shareholders contained from listed brokerage houses. It's fine with me that he has a list. Not that big a deal, really. Companies pay out dividends all the time to holders. We are holders. There is a CUSIP. Easy enough to pay us whether he has a 'list' at this time or not.
Therefore, "ChanBond Wins, WE WIN", Not Billy Carter wins, we win, but a legal "GENTLEMAN'S HANDSHAKE" win, could put money in your pocket!!!!!!!!!!!!!!!! Again, I don't care about a handshake.. I care about my legal rights as a shareholder, which I imagine will earn me far more than Billy would want to just give and then pretend he's doing me some favor cutting me in on something I already own.
Looking forward to May!
